Pyth Network brings Hong Kong stock prices onchain for global access

Decentralized oracle web Pyth Network has begun publishing real-time, onchain prices for 85 of the astir invaluable stocks listed successful Hong Kong, giving builders and traders worldwide nonstop entree to 1 of Asia’s astir important equity markets.

The terms feeds are sourced straight from institutional-grade venues and updated each 400 milliseconds crossed much than 100 blockchains, the task said successful an announcement shared with Cointelegraph.

“Whether you’re gathering trading strategies, structured products, tokenized portfolios, oregon simply privation entree to real-world banal prices from Asia’s fiscal gateway, these feeds bring Hong Kong’s equity marketplace onchain openly, instantly, and permissionlessly,” the announcement said.

The terms feeds screen a combined marketplace capitalization of implicit 28.8 trillion Hong Kong dollars (about $3.7 trillion), including large players successful banking, insurance, vigor and Chinese exertion companies.

Pyth Network’s terms feeds. Source: Pyth Network website

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Pyth unlocks real-time entree to Hong Kong stocks

The motorboat unlocks entree to unrecorded Hong Kong banal information that was antecedently locked down costly terminals, determination licensing and delayed services similar Yahoo! Finance, Pyth Network said.

“From retail-facing fintech apps to organization trading desks, this information acceptable offers builders the inputs needed to make next-generation fiscal products,” the announcement read.

According to its website, Pyth Network presently has over 1,300 terms feeds covering a fig of antithetic plus classes, including US equities, commodities and cryptocurrencies.

The project’s terms feeds are disposable on more than 100 blockchain ecosystems, including connected the mainnet for most Ethereum Virtual Machine chains like Ethereum, BNB Chain, Avalanche and others. They tin besides beryllium utilized successful offchain applications.

Pyth Network’s terms provender for Apple. Source: Pyth Network

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Centrifuge brings S&P 500 onchain

Earlier this month, Centrifuge partnered with S&P Dow Jones Indices to bring the S&P 500 Index onchain for the archetypal time. The collaboration introduces a caller proof-of-index infrastructure and enables programmable index-tracking funds utilizing authoritative S&P information via astute contracts.

The inaugural allows licensed plus managers to motorboat afloat onchain S&P 500 scale funds, maintaining organization standards portion offering DeFi benefits similar transparency and 24/7 accessibility. Web3-native Anemoy Capital volition motorboat the archetypal specified fund, powered by Centrifuge.

Last week, Wall Street giants Goldman Sachs and BNY announced plans to connection organization investors access to tokenized wealth marketplace funds.

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